Any person who wishes to register as a commercial collection agency in Florida. Required when: Applying for registration or renewal as a commercial collection agency. Exemptions: Attorneys (unless primarily engaged in commercial collection), financial institutions, licensed real estate brokers, title insurance compani…
Overview
What it is.
Any person who wishes to register as a commercial collection agency in Florida. Required when: Applying for registration or renewal as a commercial collection agency. Exemptions: Attorneys (unless primarily engaged in commercial collection), financial institutions, licensed real estate brokers, title insurance compani…
Who usually needs it
Any person who wishes to register as a commercial collection agency in Florida.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateFLBond amount$50,000Term lengthContinuousObligeeFlorida Office of Financial RegulationRenewalRegistration must be renewed annually between October 1 and December 31. During renewal, the registrant must furnish a copy of the surety bond, a statement from the surety that the annual premium has been paid in full, …Bond classLicense BondCategoryFinancial ServicesBondCommercial Collection Agency Surety BondStatutory referenceFlorida Statutes § 559.545 and § 559.546JurisdictionState
